How is the United States able to give billions to other countries when we are trillions in debt and how does it get approved?
In: Economics
Needs to be said, that foreign aid is not simply charity. We’re not just being nice with it. We’re usually looking to get something for our money.
That can be as direct as military basing rights, favorable terms for American companies, or support in local conflicts, or as ephemeral as wanting a nation strong just so there’s a strong nation there.
Point is, America is strong based on a certain international order, the state of the world. So we have a massive economic interest in *maintaining* that state of the world, and foreign aid is one of the ways we do that.
Cutting all foreign aid would be like a restaurant owner deciding not to pay utilities to save money. You might have a bit in the short term, but in the long term you go bust.
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